The Following Data Are Available for Nichols Corporation Net Cash Provided by Investing Activities Is:
A)$240,000

question 84

Multiple Choice

The following data are available for Nichols Corporation. $$\begin{array} { l r } \text { Sale of land } & \$ 200,000 \\\text { Sale of equipment } & 100,000 \\\text { Issuance of ordinary shares } & 140,000 \\\text { Purchase of equipment } & 60,000 \\\text { Payment of cash dividends } & 120,000\end{array}$$ Net cash provided by investing activities is:

• A)$240,000.
• B)$260,000.
• C)$300,000.
• D)$380,000.

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